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Tung Ho Steel EnterpriseTPE:2006 -3.04%88 ROC (Joel Greenblatt) % is 22.47% as of Dec. 2025, which is 46% above its 10-year median of 15.36. GuruFocus rates TPE:2006 with a GF Score™ of 88/100 and a GF Value™ of NT$64.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 632 Steel companies, Tung Ho Steel Enterprise ranks better than 82.59% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Tung Ho Steel Enterprise's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 22.47%.
The historical rank and industry rank for Tung Ho Steel Enterprise's ROC (Joel Greenblatt) % or its related term are showing as below:
TPE:2006'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.56 Med: 15.36 Max: 23.47
Current: 19.77
During the past 13 years, Tung Ho Steel Enterprise's highest ROC (Joel Greenblatt) % was 23.47%. The lowest was 4.56%. And the median was 15.36%.
TPE:2006's ROC (Joel Greenblatt) % is ranked better than 82.59% of 632
companies
in the Steel industry
Industry Median: 7.095
vs TPE:2006: 19.77
Tung Ho Steel Enterprise's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 1.10% per year.
Tung Ho Steel Enterprise (TPE:2006) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Tung Ho Steel Enterprise ROC (Joel Greenblatt) % Related Terms
Tung Ho Steel Enterprise ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Tung Ho Steel Enterprise's ROC (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tung Ho Steel Enterprise ROC (Joel Greenblatt) % Chart
TPE:2006 vs NUE, STLD, RS: ROC (Joel Greenblatt) % Comparison
For the Steel subindustry, Tung Ho Steel Enterprise's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tung Ho Steel Enterprise ROC (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tung Ho Steel Enterprise's ROC (Joel Greenblatt) % falls into.
Tung Ho Steel Enterprise ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of 22.47% mean?
Tung Ho Steel Enterprise (TPE:2006) has a ROC (Joel Greenblatt) % of 22.47% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Tung Ho Steel Enterprise and its competitors. This is 46% above median its historical median of 15.36. Over the past decade, Tung Ho Steel Enterprise's ROC (Joel Greenblatt) % has ranged from 4.56 to 23.47. According to the industry distribution chart, Tung Ho Steel Enterprise ranks #110 out of 632 companies in the Steel industry, placing it in the top 17.4%.
Is Tung Ho Steel Enterprise's ROC (Joel Greenblatt) % too high?
Tung Ho Steel Enterprise's current ROC (Joel Greenblatt) % of 22.47% is 46% above median its 10-year median of 15.36. Over the past 10 years, this metric has ranged from a low of 4.56 to a high of 23.47. The Steel industry median ROC (Joel Greenblatt) % is 7.10. Tung Ho Steel Enterprise's value of 22.47% is 216.7% above this industry median. Based on the distribution chart, Tung Ho Steel Enterprise ranks #110 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Tung Ho Steel Enterprise has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tung Ho Steel Enterprise's ROC (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Tung Ho Steel Enterprise ranks #110 out of 632 companies for ROC (Joel Greenblatt) %. This places Tung Ho Steel Enterprise in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 7.10. Tung Ho Steel Enterprise's value of 22.47% is 216.7% above this benchmark. Historically, Tung Ho Steel Enterprise's own ROC (Joel Greenblatt) % has ranged from 4.56 to 23.47 over the past decade. While the company's 10-year median is 15.36 vs. the industry median of 7.10, Tung Ho Steel Enterprise has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Steel company?
The median ROC (Joel Greenblatt) % among Steel companies is 7.10, based on 632 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tung Ho Steel Enterprise's current ROC (Joel Greenblatt) % of 22.47% is 216.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Tung Ho Steel Enterprise and its competitors. For the Steel industry, the median ROC (Joel Greenblatt) % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tung Ho Steel Enterprise's current ROC (Joel Greenblatt) % is 22.47%, which is 46% above median its own 10-year median of 15.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tung Ho Steel Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Tung Ho Steel Enterprise (TPE:2006) is currently considered Fairly Valued. The stock's GF Value™ is NT$64.09, compared to a current price of NT$70.20 — trading 9.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 22.47%, which is 46% above median its 10-year median of 15.36 and 216.7% above the Steel industry median of 7.10. Tung Ho Steel Enterprise's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Tung Ho Steel Enterprise (TPE:2006), the current ROC (Joel Greenblatt) % is 22.47% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tung Ho Steel Enterprise (TPE:2006) Overvalued in 2026?
Based on GuruFocus' analysis, Tung Ho Steel Enterprise stock appears to be overvalued.
The current stock price of NT$70.20 is trading 9.5% above its estimated GF Value™ of NT$64.09.
GuruFocus considers Tung Ho Steel Enterprise to be Fairly Valued.
Key valuation signals for TPE:2006:
ROC (Joel Greenblatt) %: 22.47% (46% above median its 10-year median of 15.36)
GF Value™: NT$64.09 vs. price of NT$70.20 (9.5% above fair value)
Industry Position: 216.7% above the Steel median (#110 of 632)
No single metric tells the full story. See the TPE:2006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tung Ho Steel Enterprise Corp manufactures and sells Re-Bar, section, and plate. It processes, and sells reinforcing bars, flat iron, angle iron, wire rod, and other steel products; manufactures, processes, and sells structural steel, alloy steel, tool steel, high carbon steel, and other special steels; ship dismantling; used ship sales. Its segments include Steel segment including the Taipei headquarters, Taoyuan processing center, Taoyuan plant, Taichung port logistics center, Miaoli Plant, Kaohsiung plant and THSVC, engaged in the manufacture and sale of steel products; and Steel Structure segment including Tung Kang Steel Structure Corp, Tung Kang Engineering & Construction Corp, engaged in steel structure processing, steel structure engineering and civil construction engineering.
88GF Score
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